Retirement Planning

The conventional wisdom about retirement and taxes says that you should reduce your income levels as you age. Unfortunately, many retirees find that taxes have risen substantially over the years. One key component of your retirement planning strategy should be to minimize taxes on withdrawn funds from tax-deferred accounts. You should know that required minimum distributions (RMDs) for IRAs and other types of savings accounts begin at age 72. Then, you should determine your desired retirement lifestyle and set aside an appropriate amount of money.

The Different Types of IRAs

There are several different types of IRAs. Some are tax-deferred, while others offer no tax deduction. The IRA is best for people with a high net worth, but there are several things to keep in mind. This article will provide some information on each type and how they can benefit …

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TIAA 403B Retirement Plan

In order to contribute to the TIAA 403B retirement plan, employees must complete the appropriate forms. The first form designates the beneficiaries of the account. The second form outlines the amount that can be contributed to the account. TIAA’s rules are fairly straightforward. After signing up for a TIAA account, …

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Wells Fargo Employee 401K

An employee 401K plan from Wells Fargo is the subject of a class action lawsuit filed by a former Wells Fargo employee in the U.S. District Court for the District of Minnesota. The plaintiff claims that Wells Fargo violated the Employee Retirement Income Security Act (ERISA) and steered employees’ investments …

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The Best IRA For Self Employed People

If you are self-employed and do not have employees, a SIMPLE IRA may be the best option for you. This type of IRA allows both the employer and employee to contribute to it, and you can save up to $12,500 tax-deferred. This plan does have some requirements, but the advantages …

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TD Bank IRA Review

A TD Bank IRA is one of the most popular ways to invest your money, especially for those who have substantial savings. You can open an account online or visit your local branch to receive the appropriate paperwork. Although you can’t expect the highest interest rates, they’re better than the …

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What Does a Retirement Specialist Do?

A retirement specialist plans and designs retirement packages for company employees. He or she studies labor regulations and the regulations governing public employee retirement systems to determine the appropriate retirement plans for employees. Retirement benefits are calculated and presented to employees, with the specialist coordinating with the human resources department …

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Individual Retirement Arrangements

Individual retirement arrangements (IRAs) are financial vehicles that individuals establish for their retirement. They provide significant tax benefits, including tax-deferred growth, which means that taxes are postponed until withdrawal, and tax-free growth, in which no taxes are deducted until withdrawal. There are certain rules and regulations regarding how to withdraw …

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Applying For a Vanguard Individual 401k

If you’re looking to invest in an Individual 401k, one of the best options is the Vanguard individual 401k. Vanguard offers a solo 401k account as well, but some brokerages do not offer this type of account. You can still get tax benefits, though, if you’re the sole owner of …

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